PERTH: Evion Group Ltd. (ASX: EVG) has finalized a deal to deliver its first shipment of expandable graphite to a major U.S. supply chain company, marking a significant step in the company’s efforts to position itself as a reliable, non-Chinese source of critical minerals. The 80-metric-tonne shipment, valued at approximately A$400,000, will be dispatched over…
Legend Mining acquires gold and base metal project in Western Australia
LEONORA: Legend Mining Limited announced Wednesday it has signed binding term sheets to acquire a 100% interest in the Pinnacle Well Project, located 25 kilometers (15.5 miles) north-northeast of Leonora in Western Australia’s mineral-rich Leonora district. The project, which covers 110 square kilometers (42.5 square miles) across two exploration licenses, has seen little exploration activity…
Xero to acquire US bill pay firm Melio in $2.5 billion deal
WELLINGTON: Accounting software company Xero Ltd. said Wednesday it will acquire U.S.-based payments platform Melio for $2.5 billion in cash and stock, in a move aimed at significantly accelerating its North American growth strategy. The acquisition, announced alongside a fully underwritten A$1.85 billion (US$1.2 billion) capital raise, aligns with Xero’s “3×3” strategy targeting growth in…
Tritax Big Box to acquire Warehouse REIT in £485 million cash-and-share deal
LONDON: Tritax Big Box REIT PLC has agreed to acquire Warehouse REIT PLC in a recommended cash-and-share deal valued at approximately £485.2 million, the companies announced Tuesday. The acquisition, to be implemented via a scheme of arrangement under Part 26 of the Companies Act 2006, will see Warehouse shareholders receive 47.2 pence in cash and…
Renold Plc acquires Italian chain manufacturer Ognibene in €10 million deal
BOLOGNA Renold plc, a leading global supplier of industrial chains and power transmission products, has acquired Italian chain manufacturer Ognibene S.p.A. for €10 million in cash, the company announced Tuesday. The acquisition strengthens Renold’s presence in Southern Europe and expands its manufacturing capabilities in the transmission chain market. Ognibene, founded in 1948 and based in…
Brave Bison to acquire MiniMBA in £19 million deal
LONDON: Brave Bison, a next-generation marketing and technology firm, has entered into a conditional binding agreement to acquire MiniMBA, a leading online marketing education platform, for £19 million ($24.1 million) in a deal that will significantly expand its training and skills division. The acquisition, announced Tuesday, will see Brave Bison take over The Mini Trading…
The Abercrombie Group offers to acquire hummgroup
SYDNEY: humm Group Limited (ASX: HUM) announced it received a non-binding indicative offer from The Abercrombie Group Pty Ltd (TAG) to acquire all outstanding shares of the company not already held by TAG and its associates. The offer, disclosed after market close on June 23, proposes a cash price of $0.58 per share, a 35%…
SWARM Biotactics raises €13 million to deploy AI-driven insect swarms for mission-critical operations
KASSEL: SWARM Biotactics, a developer of insect-based bio-robotic systems, has raised €10 million ($10.7 million) in seed funding to scale its intelligent swarm technology for use in defense, security and emergency response missions. The latest round brings the German startup’s total funding to €13 million, including a €3 million pre-seed investment. The round was led…
Diversified Energy, Carlyle announce $2 billion partnership for U.S. oil and gas assets
LONDON: Diversified Energy Company (LSE: DEC; NYSE: DEC) and global investment firm Carlyle (NASDAQ: CG) announced Tuesday a strategic partnership to invest up to $2 billion in existing U.S. natural gas and oil assets. The collaboration will combine Carlyle’s asset-backed finance expertise with Diversified’s operational experience in acquiring and managing long-life energy assets. Under the…
Hunting plc completes £50m acquisition of UK-based FES
LONDON: Hunting PLC (LSE: HTG), a precision engineering group, announced Monday it has acquired the entire issued share capital of Flexible Engineered Solutions (FES) Holdings Limited for £50 million in cash. The deal, completed on a cash-free, debt-free basis, includes customary post-completion adjustments. The acquisition supports Hunting’s 2030 growth strategy, expanding its offshore and subsea capabilities…
Rio Tinto, Hancock Prospecting to Invest $1.61 billion in Australian iron ore project
PERTH: Rio Tinto and Hancock Prospecting will invest $1.61 billion to develop the Hope Downs 2 iron ore project in Western Australia’s Pilbara region, the companies announced. Rio Tinto’s share of the investment is $800 million. The project, which has received all necessary state and federal approvals, will mine the Hope Downs 2 and Bedded Hilltop…
Markets shake off U.S.-Iran escalation as oil slips, stocks rally on Fed optimism
Dow, Nasdaq, and S&P 500 rebound as oil prices dip and investors eye July Fed rate cut Global markets on Monday appeared to shrug off rising tensions in the Middle East after the U.S. joined Israel in launching airstrikes on Iranian nuclear facilities over the weekend. Despite fears of regional escalation, both stock and commodity…